I don't have a property in hand at the moment, but I do believe this area won't become cheaper.3.

If that is agreed upon, hire a HANDYMAN (cheaper and better at drywall) and fix the problem.  

I am looking at cheaper homes that need a little more work as well. 

I also don't think the price would be cheaper then preexisting homes.

The other thing that I would look at is private money too you can get it for cheaper and less pricy as they can make their own terms with their money.  

Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

Quote from @Anthony Stephenson: Is Raisemasters more for rehabbers wanting more/cheaper access to money OR is is geared more towards those wanting to build a lending business? 

Much cheaper to keep it nice and cool.

One CPA is telling us that we need to file a partnership return for all LLCs and the other CPA is telling us that we can place all properties on our Schedule E and use Schedule C for our property management activities We like the Schedule E and C approach because it's cheaper.

Still alot cheaper than a plane ticket :)